436,600 new start-ups were launched in 2008, compared to 432,300 new businesses in the previous year.
"These figures may seem surprising given the current economic climate," said Steve Cooper, local business managing director at Barclays.
"There could be a number of reasons for the robust start-up market, including individuals made redundant opting for self-employment. We should also remember that there are always opportunities, even in more challenging times."
A large reason for this growth in new businesses is entrepreneurial women - female-only starts ups increased by 9% to total more than 90,000 in 2008 up from 83,000 in 2007, compared to male-only start-ups which showed a slight increase of less than 1% to 300,000.
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I guess the interesting thing to consider is what happened to the 46,600. They seem to be of an unspecified gender, neither male nor female. I wonder whether they are growing or declining and whether this is due to the economic climate or fertility.
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